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It must be painful to sound so ridiculous and to be so wrong all the time. LOL. Why don't you and Keyotee go have a dinner date and discuss joining the long side of BAA?
How do you know Nasdaq ownership is correct? I just posted this the other day. Yahoo shows roughly 33% Inst Own, FinViz, Morningstar and iHub all show closer to 50-60% Inst Own.
So you tell me, is it 11% or is it 60%? Knowing that Blackrock owns 19.99%, I'm pretty sure we can rule out Nasdaq's 11%.
LOL! I thought the same thing. Haha!
I'm somewhat in the same boat. I have some long term blocks right now that were purchased last March, and I have a number of other blocks bought between last May and December. My December shares are most intriguing, as I have a bunch of .125's which make up ~75% of my BAA holdings. Like you, I have my shares in my brokerage account so I'm subject to either 10% (long term) or 30% (short term) taxes. I can sell all of my .125's at .285 and ride the last 25% as freebies...HOWEVER...I think that would be foolish, and hence why I'm not flipping or exiting on those shares even with a 2-bagger.
This stock is still grossly undervalued, and it will no doubt be much higher when Namoya enters commercial production. If this goes to $1 prior to Namoya entering commercial production (and on no other significant news), I'd be a bit nervous of a retrace too. However, if this continues to climb and base, climb and base, etc, etc, then I'm not really too worried of any significant drop. The same goes for a jump on significant news (i.e. Namoya commercial production, or another record ER for Q2, etc)...a jump based off of news like that could send it right up with no fear of a major retrace.
Good luck to you. I know it's tough and it is very tempting to sell...IMO there are still much brighter days ahead.
All anyone new to BAA really needs to know is this...Last year in July many people were awaiting the announcement that Namoya was coming online. What we got was Namoya had problems. The communication from the company at that time was not great, and gold was trading around $1330. A share of Banro was trading at ~$0.50 USD.
Now, here we are about a year later and commercial production at Namoya is once again just around the corner. Gold is about $100/oz lower, but we have a company that is producing records amount of gold Q over Q, and just posted a .03 EPS for their Q1 2015 Fins...not to mention that they have $90M in the bank via forward gold sales.
BAA sees $0.50 again soon, and possibly $0.75-$1 before Namoya is online if gold continues its push toward $1300. Once Namoya gets here, look out!!!
For institutional holdings, maybe you shouldn't only rely on Nasdaq?
http://ih.advfn.com/stock-market/AMEX/BAA/stock-price
http://finance.yahoo.com/q/ks?s=BAA+Key+Statistics
http://investors.morningstar.com/ownership/shareholders-overview.html?t=BAA®ion=USA&culture=en_US
http://www.finviz.com/quote.ashx?t=baa
The closest one you'll find to Nasdaq's 11% is Yahoo's 33%. Interestingly enough though, the other 3 all seem to jive with a Institutional Ownership in the 52-57% range.
Congrats Vlisp! Our day finally came with BAA. You should see how my 0.125s look....long and strong! Cheers buddy! I still have some long term blocks red, but I know they will be in the green before year end!
How's your account looking today? I can't even keep up with all the BAA posts today. On a golf trip, but knew this was going to blow up after seeing the ER last night. I hope gold keeps moving north, as that will easily get us back in the .50s.
And only about 100k volume right now. Obviously didn't hold many shares...not to mention such an irrelevant dip.
XGTI had some huge news today. Wish I would've had some free money to get in back in the .20's. This one was my big winner from last year.
You said it Braised!!!
Institutional Ownership is hard to pinpoint with BAA, because sites like Nasdaq show only ~18%, Yahoo ~32%, but then FinViz, Morningstar and iHub all are around 57%. One number that seems to be common between most sites is that insider ownership is ~8%. I believe the 57% numbers are closest to accurate based off of an email that I received on 2/17 from Naomi (in bold below). My personal opinion (most heavily weighed on Naomi's response, and common data from multiple sites) is that Banro is ~60% owned by institutions, ~16% owned by funds (Morningstar), and ~8% owned by insiders.
Morningstar is the only site I know of that shows the breakdown of percentage owned by funds, but even taking that 16% out I still come up with ~70% of Banro shares being held in strong hands.
Several of our larger institutional investors are not required to file their holdings so Bloomberg, Thompson/Reuters and other gatherers of that type of information are often significantly incorrect with their totals, as are we if these investors choose not to make contact with us.
Here is a list that is roughly accurate for the 12 largest holders as of December 31, 2014 filings (Banro has 252 million shares outstanding):
Blackrock UK – 25.8 million shares
Gramercy – 10.8 million shares
Non-filer – 10 million shares (US-based) confirmed
Geologic Resources – 9 million shares
Mackenzie Financial – 7.4 million shares
Investors Group – 7.5 million shares
Kopernik Global – 5 million
Wellington Mgmt – 3 million
CPP – 1.6 million
JBM – 1.3 million
Paloma Partners – 1.3 million
Norges Bank – 1.1 million
TOTAL – 83.8 million shares (roughly) held by top dozen
The next 50 shareholders account for another 18 million shares bringing the institutional total to the vicinity of 100 million shares. There may be other institutions holding another 12 million shares that we can’t account for so, if you wanted to take a rough estimate of current institutional holdings, 50 – 60% wouldn’t be out of line.
Hmm. Must be an error of some sort. What site are you using? BAA traded in a range of .50 to .57 that week. I got in March last year, and I promise you there was no R/S.
BAA - Definitely no R/S in March 2014. Why do you ask? I've been in since early March last year, and Vlisp was one of the members who got me looking...I might be able to answer the question you have regarding March 2014, or after.
News News News...Yes...
Good Morning Fazlice
Sorry, I wasn't able to get to your post yesterday. My thoughts on the charts...they look great. The daily has been shaping up nicely over the past few weeks, and I think we've gotten a lot of new traders based off of technical analysis. I think if some of these new folks take a dive into the DD that this board has provided, and maybe do some of their own DD, that they will see that longer term (even in 3-6 months) that they have the potential for a multi-bagger. The real question is will they hold that long, or not.
What has really been intriguing is how the Weekly chart is looking. I think the weekly is what could get some new investors holding for the long term. With the other $80M on the way, and Namoya a few short months away from commercial production, there is a ton of stuff to be excited about.
For the short-term, we might see some consolidation unless we get news. The FullSTO was getting up over 80 on the daily, and that has seemed to be a pretty good indicator for judging any pullbacks/consolidation.
Your charts are great. Thank you for posting to the board.
Hey Matt, gonna bug you again on IMRS. Do you think it is relatively strong here? News was officially released today on yet another delisting notice, but no significant drop in price today. It sounds like they were made aware of this on Monday, hence the drop there...but I'm thinking any aftermath from today's PR is already priced in.
Just wondering if low .70's here is a good place to add or load up here? FullSTO is about bottomed, and RSI is approaching oversold territory on the daily.
Do you still have your handful of IMRS? It's hanging onto support here by a thread. FullSTO has to be about 0 right now.
I still have all of my shares, and I'm still confident that BAA will close the forward gold sales and gold streaming deal with Gramercy. As some have argued that they think the $80M is priced in, I do not believe that. I believe once investors know that the $80M is in the bank that we at least get back into the .30's. As Q3 approaches I only expect more and more interest in BAA due to Namoya nearing commercial production.
I believe that was me, originally posted in 16294. I know I re-posted some time later, but didn't recall exactly when.
This was from Naomi in early January.
Here is an overview of debt and repayment terms for 2015:
BCDC loan – approx. $4.5 million – making monthly payments of $500,000, ending October 2015 (so, $1.5 million in Q1)
Rawbank loan – approx. $1 million – now paying $125,000/month (so, $375,000 in Q1)
Ecobank loan - $15 million – paying only interest right now. Beginning May 2015, will make 4 quarterly payments of $3.8 million into Q1 2016.
Gramercy liquidity backstop - $35 million + accruing interest. Making no payments now but will start making interest payments (at least) in August 2015 (roughly $500,000/month).
Bond interest payments - $8.7 million due February 28, 2015 and Aug 30, 2015
Thanks. I hadn't gone back and re-read the Q1 Production PR. That is kind of funny though in that PR they say mid-April, but in the 2014 Year End ER that was announced later that evening they just say April.
It wasn't in the Feb 27th PR. Kevin Jennings did say mid-April though in the conference call. The Feb 27th PR states "expected to close in April" a number of times. Banro made the same "expected to close in April" statemnet in their April 6th Year End 2014 ER (see Section VI "Subsequent Events").
The real question is, why would Kevin Jennings say the next day on the 7th that he expects mid-April? Was it a slip up? Or was Banro trying to do here what many posters have been complaining about with "overpromising and underdelivering". My belief is that they close by 4/30. Anything in the next week here then is "overdelivering" in my book.
Thanks Tex. I'll dig up the transcript and go through it again. Have a great weekend!
I know not all of us are. That's why I said most. Where did Banco say mid April though? Was it part of the CC?
I think most of this board has gone crazy. Maybe I missed something in the conference call, but where did everyone hear that this transaction was supposed to close in mid-April? If you go back through the original PR announcing the forward gold sales and the Q4 2014 ER, both state that they are expected to close in April. I don't know about most of you people, but the last I checked, there are still 13 days left in April.
LOL...I just can't believe that the company is starting to actually show some promise, and most of you are panicking like they are going BK tomorrow. I can't imagine if most of you were actually here last July when the company PR'd the problems at Namoya and we saw a quick drop from about .50 to .30's then .20's. Hell, most of you would have probably committed suicide that following week...which based off some of your posts wouldn't have probably been a bad thing for the world.
Yeah, my eyes are on it...almost constantly.
Now for a little better trade...IMRS has had some stellar bid support the past couple of days at .81-.84. It doesn't really look like anyone wants to fill the .81 and .82 bids when they are there. Do you think we'll keep trading sideways here until Q3?
I sure hope not. One plus for BAA is that it is listed on the AMEX and they have a different set of criteria to stay listed, so being under $1 isn't an issue. PAL was on the NYSE, so that's one of many reasons they got slaughtered.
BAA is is within a couple of weeks of finalizing two forward gold sales totaling $80M. If for some reason that falls through, then I'll be nervous. Otherwise it'll be smooth sailing as long as they have Namoya running commercial production in Q3 like they are planning. They really can't afford another f'up there.
I think there were tons of people who have made the comparison both here, and on StockTwits. I hope you were out my friend. PAL was one I played in the past, but they always killed their momo. I remember playing at .36 for a run to .54...Got the run to .54 and I got greedy that it would go higher...Next thing I knew I was selling at .45 for 25%.
BTW, PAL or BAA - Who ever made that comparison...Crazy, and tons of people probably got killed by PAL's bad news.
BAA 50/200 cross coming. Chart set-up is nice, and indicators are settled for a run. Also expecting to hear about closure of $80M in forward gold sales by month-end.
I think it's about time for some news!
Might pick up some new investors on a swing trade with the technical set up we have brewing!
IMRS has had a couple of big dumps today. Think they are trying to take out stops and/or break weekly support?
I kind of suspected this, but it doesn't bother me as I still plan on holding long. I'm not worried about BK at all. I would be shocked if BAA would ever trade at .16 again, but I guess I could see it test .18.
I think Gramercy selling is causing a lot of confusion and concern until we truly understand why. Also, I think others are waiting for the other $80M to get finalized. Once that is done, then I see no reason why we shouldn't move up.
My take is that I'm only 3-6 months away from having significant gains in my account.
Green would've been sweet. But I happy .22 support was tested, and even breached for a short while, only to recover and close above it. Good consolidation today, and loving the fact that the ~10M shares that have gone off these past 2 days are all above my average cost
I agree, but I think they've been pretty tight like that for a while now. I could see why some chose to get out, but I don't think to end Q4 they even had $5M between bullion and cash on hand.
I think the biggest key is Namoya getting going. I was happy to hear everything there is performing well, and I was also happy to get a rough idea of what Namoya is currently costing them (about $1600/oz) to produce. They said that Namoya needs to produce 5500 oz per month at this point in time just to break even. Imagine $700-$1000 off of that all-in cost later this year and into 2016...and then couple that with about 3-4 times the current production at Namoya.
Nice! Your post also brought to mind the diesel costs. I know they discussed that today, but my understanding is that they hadn't really realized the savings yet, as they have to make sure they have ample supply for the rainy season (which is now over). But they should see these cost saving now moving into Q2 and Q3?
IMRS - I'm kind of getting the feeling that this one is going to pop again soon. Not sure how high it might go with no news, but the FullSto is really getting down there, and the bollies are getting tight too...Will be interesting if we see them turn in to pinch in the next couple of days.
They roughly figured $1600/oz costs at Namoya in Q4. Holy $hit Balls are they going to be rolling in the dough once they drop that to production all in cost levels!
A little over 1 hour of trading, and already roughly half of yesterdays volume! HUGE!!!